Brazil

The Senate of Paraguay Backs Power Sales to Cryptocurrency Mining Firms While Critiquing Poor Energy Deals With Brazil

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The Senate of Paraguay Backs Power Sales to Cryptocurrency Mining Firms While Critiquing Poor Energy Deals With Brazil

The Paraguayan Senate has authorized a resolution endorsing the sale of the nation’s excess electricity to cryptocurrency mining firms, considering the terms and assurances that these establishments provide. The proclamation calls for the energy to be directed to 20 new contracts with cryptocurrency-mining companies, criticizing the poor deals that sell energy to Brazil for 25% … Read more

Arrested in Argentina are the founders of a $400 million cryptocurrency Ponzi scheme.

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Arrested in Argentina are the founders of a $400 million cryptocurrency Ponzi scheme.

A lady and a man were apprehended in Argentina on suspicion of running a Ponzi scam that moved more than $400 million in cryptocurrencies through Brazil. With the assistance of Interpol and the Argentine Federal Police, the operation was able to locate the pair. Couple Arrested in Argentina for Supposedly Organizing a $400 Million Ponzi … Read more

Chainlink and Telefonica Collaborate to Reduce SIM Swap Attacks in Web3

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What are your thoughts on Telefonica and Chainlink's collaboration to enhance Web3 security and identify and manage SIM swapping incidents? Tell us in this section of the comments below.

To strengthen security in Web3 environments, Telefonica, one of the biggest telecom corporations in the world, has teamed up with Chainlink, a decentralized oracle provider. With the use of Telefonica’s SIM Swap API implementation and Chainlink features, Polygon apps would be able to determine whether a phone’s SIM has changed within a specific time frame. … Read more

Latin American Insights: Brazil Tightens Crypto Tax Supervision, Bukele Wins Presidential Election with Resounding Victory

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Here is a summary of the most important cryptocurrency and economic news from Latin America during the past week, brought together by Latam Insights. Within this issue: El Salvador’s Nayib Bukele becomes victorious in the presidential race, the Brazilian tax authorities discovers more than 25,000 anomalies in cryptocurrency tax returns, and President Javier Milei of … Read more

Okx Declares It Will Expand Into Argentina

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One of the biggest cryptocurrency exchanges, Okx, has declared that it is going to begin operations in Argentina. Along with its self-custody Web3 wallet, the exchange said that it is opening its trading platform and peer-to-peer (P2P) markets in the nation. It will also provide local traders with a localized experience and technical support in … Read more